I have used this phrase to emphasize a point. The point being how often someone tells me about the one home they didn’t purchase when they had a chance; the home they wished they had purchased due to it’s current “much higher” value!  Unfortunately we will not hear a bell and the government can not say, or know,  when we reach the bottom of the real estate market in Jacksonville, Florida, Jacksonville Beach, or anywhere else.  However,  if you have been considering purchasing that single-family home, condominium, second home, or, you are a first time home buyer, and you are interested in this data for this very reason, please find it below.  This area and the State of Florida data is compelling, and so makes me think the bell should possibly be shined up a bit…so here you are:

State of Florida Home Sales 7/09  Compared to 7/08  + 28% Jacksonville Florida Home Sales +16% Same Period

Other areas and cities:     Daytona Beach+20%   Ft Lauderdale+35%   Ft Myers+137%   Ft Pierce+27%   Ft Walton Beach+15%   Lakewood+14%   Melbourne+14%   Miami+54%   Ocala+63%   Orlando+38%   Panama City+15%   Tampa+21%

Average Interest Rate Ending period Sept 3, 2009:  30 yr Fixed - 5.08% Freddie Mae

Low mortgage rates are helping to keep housing affordable, according to government housing VP and chief economist, Frank Mothaft.   Seven of the top eight most affordable months for purchasing a home have occurred during the last twelve months, with the Most Affordable months being tracked since 1971!  As a result, pending sales of existing homes rose for the sixth straight month in July of this year, and July sales were the strongest since June 2007.   Call me with any questions about property, homes or financing.

All Single-Family Homes and Condominiums Available in the MLS, as well as Short Sales and Foreclosures are available on my web site at: http://FindaPlaceWithStyleNgrace.com.  My email is: gracehughesjax@gmail.com.  My Direct contact number is 904-233-1341 with questions.